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go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would tak
but the hoursntil we reach the fiscal cliff. congress goes back to work in a few hours. at the last minute, the vice president is getting involved. we're going to have the latest on those talks ahead. >>> right now, at 6:00, here it is. already 2013 in auckland, new zealand. this is a live look there right now. they are the first to ring in this new year. >> exciting. >> very exciting. happy new year. >> happy new year to you too and everyone out there in new zealand. >> beautiful fireworks. it's 6:00, 6:01. it's pretty chilly here. if you have to go to work this morning, bundle up for your commute. storm team 4 meteorologist veronica johnson has the forecast. >> bundle up for sure. the current temperatures there. but look at the windchill readings. they're 5, 6, 7 degrees lower than the actual air temperature. it's not taking much. only a wind of 5 to 10 miles per hour. for this area now, it's a westerly wind. again, it's bringing the numbers down. sandy spring windchill reading at 22 degrees. east into prince george's county, around largo, you're feeling like 23. 21 right now the windchill reading
the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget committee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's about? >> i'm not exactly sure. unless they're having some type of problem with the spending side of the equation, i never have reached some type of agreement on taxes, but i know that makes mcconnell was working with vice-president biden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a couple. permanent patch to anc, the alternative minimum tax. estate tax also. 40 percent for
, everybody, president obama calling on congress just moments ago askng to avoid the fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now heasses on to the senate. senate majity leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nontarter in a republican-
the fiscal cliff or the debt limit, turns out an inability to act could earn the congress a dubious distinction. the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers got a pay raise was in 2009. >>> this morn
be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not en any details of this package. we are talking completel off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you ill have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of s
the results of the end of the show. still ahead night, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back the capital one cash rewards card gis you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who ke more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our famies and our businesses d for our entire economy. but for imme
cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say house speaker is boehner is holding all the cards. >> the speaker of the house has got to allow a vote. he
to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two sides, but negotiations continue. there's still time left to reach an agreement. and we intend to continue negotiations. >> and so, here we are, new year's eve, and the country counts down to popping champagne corks, the ball dropping in times square, and going over the fiscal cliff. if congress fails to act in the remaining hours of 2012, taxes will go up on all americans and a series of mandatory government spending cuts will kick in. hello, new year. hello, new recession. after two years of missing self-imposed deadline after self-imposed deadline, all eyes were on the senate over the weekend as the house's failure to even bring a plan to a vote left it up to the upper chamber to find a way out. vice president biden who had remained on the sidelines in this round of talks was even called in to help move things al
for politics. less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me
the fiscal cliff. >> that's the point i wanted to raise with you. you obviously have followed congress. you know how all this inside trading works, so to speak. does it feel like the wheels are coming off that we are now off the script, that this is totally in territory we had not anticipated we would be at? >> absolutely. let's help folks appreciate how we got here. this suspect just about philosophical or ideological divisions, this is a crisis of self-government now, had divided government before but never quite this dysfunctional it is because of polarization, about reduction of swing districts, it's about the impact of partisan media creating thises against them mentality you told all during 2012, martin, the election was too contentious a time to get anything done for the american people, we would wait until the lame duck session of congress, wait until the election and legislators would be liberate and free to work across ate yell and solve these serious problems. the lame duck session has been here for weeks now and you nothing has the gotten down. 36 hours away from the end of the
is exactly what it was designed to do. the fiscal cliff is a result of congress only able to act when the backs are against the wall. we are at that time now and i think we will get it done. >> all right. you have nine hours and 20 minutes, i believe. congressman, good to talk to you once again. >> happy new yore. >> and to you. >>> as 2012 comes to a close, the congress is set to go down in history as the least productive in the modern era. this particular congress has been, quote, uniquely dis23 dysfuncti dysfunctional. a family member comes forward to claim adam lanza's body. it is in or stories around the "news nation." >>> when the 112th congress closing up shop on january 3rd, they go home with the dubious distinction of the least productive and least popular congress of the modern era. in two years, this congress has managed to pass just 219 bills. that's the lowest tally since the 1940s. here with me now is nbc deputy political editor domenico montenegra. that sounds like a lot but that's not a lot compared to the past. >> in the modern era, the lowest we have seen. you know,
huddy in for alisyn camerota. we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no snow. >> juliet
go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid, who runs the senate, left tonight and told reporters on the way out, if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is bet
the fiscal cliff. negotiations have stalled. when congress meets this morning, can they get a hail mary deal? >> if we go over the cliff, you're going to feel it right away. what happens to your paycheck and when just ahead. >> good morning. i'm ali velshi. >> and i'm christine romans. >> and i'm sanjay gupta. good morning. soledad is off. it's monday, december 31st, 2012. >>> our starting point this morning, hillary clinton expected to ring in the new year from a hospital bed. secretary of state was admitted to a new york city hospital because of a blood clot. it was discovered while doctors were performing a follow-up exam they say was related to her concussion. the state department says clinton suffered that concussion earlier this month. the location of the clot has not yet been disclosed to us. doctors are closely monitoring mrs. clinton. cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. th
the democratic controlled senate to lead our economy to the edge of the fiscal cliff. congress people from both parties are searching for a bipartisan solution. that is the leadership that america needs, not what we saw from the president this morning ." those of the comments from speaker boehner. the house has gaveled out. we expect them back in about two hours. let's go to newbury port. caller: thank you for c-span. i do not understand where this $250,000 number comes from. i am 70 and have never been asked to make a sacrifice by any congress. it just seems to me that if the average income in most states -- to ask people making $125,000 or more, to ask them to contribute more, that seems to be a no- brainer. i do not see why people in this country are not ready to make a compromise. let's face it, we will either all have to pay slightly more taxes and accept the fact that our benefits are going to have to be lower than they really are -- i am in that bracket of $125,000 to $250,000. i am very comfortable, i could contribute more to the deficit, i just want to make sure that that money goes to
, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patien
the break, not just the fiscal cliff, other big issues congress has to deal with, including a debt ceiling in a matter of weeks, if we can't get past the cliff, i guess what i'm going to ask you, ron is how much hope do we have that congress can tackle these other huge issues? >> well, look, i think that's the big story here. the context wit fiscal cliff and all of this has to be seen. it is whether red america and blue america are following mediate their differences and find reasonable compromises to move forward. we know democrats have won the popular vote five of the last six times for the presidency. they have kind of a structural advantage, i believe, and demographic change. we know republicans have an advantage in the house the way the population distributed. we know for at least the next two years, probably the next four years, going to have divide government. none of us are going away and really, you know, watching the inability to make this deal is ominous the next two years because it suggests that neither side, but i think probably more of the republicans, but neither side entir
to unemployment benefits for two million people could be on the way because of the fiscal cliff, congress, though, hey, about to get a raise. part of an executive order that president obama issued which ends a pay freeze for federal workers. their salaries, yeah, they'll if up by half a percent after march 27. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time there was a pay raise was 2009. >>> there is one thing the senate has agreed on, getting aid to victims of superstorm sandy. by a 61-33 vote the chamber passed a measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process to consider the money has to start all over again. at least 113 people were killed when superstorm sandy hit in late october. the governors of new york and new jersey, the hardest hit states, have estimated damages at more than $78 billion. >>> and turning to weather. even though winter is just over a week old, millions of americans probably can't wait for spring to arrive.
before investing. liz: the framework, the skelton, is set for a deal on the fiscal cliff but congress still has to vote on it before this goes into efence. -- effect, let's bring in our panel of congressman with expertise on this. mick mulvaney of south carolina, tim huelskamp kansas and dennis cue cues ohio. you've been leaving congress. you've been term-limited by voters. i know you're general in favor of what you would call a more fair tax system. the top 3%, everybody earning $250,000 or more, pay about 60% of all the federal income taxes that are paid. 3% say, 60%. how much more do you think they should pay before it is fair? >> well, the choices we've been given aren't the best choices, i will tell you that. we ought to be creating more taxpayers. we ought to be talking about jobs. david: i agree. bingo. >> how is it that we've avoided this discussion? all we're talking about is getting more money of people working right now. so, you know, there has to be some kind of a cuttoff about preserving the current tax cuts. i opposed the bush tax cuts because i thought most of the benef
cover but has seen an impact as the fiscal cliff approaches. congress may be able to avoid the starry cliff. they're set to temporarily extend the u.s. farm bill. the move would keep a long dormant milk subsidy from coming back to life when the current bill expires today. under a new law, the milk could be forced at prices well above what farmers are getting now if that subsidy was pushed aside. let's get a look at what's on the agenda this week in the u.s. there is no data out today and markets will put in a full trading session on wednesday. thursday is the adp employment report and weekly jobless claims. friday brings the december payroll numbers. we also get ism services and factory orders. plenty of data there. it will be quite a busy week. from all of us here at "worldwide exchange," happy early new year. on that note, we want to know if you made any resolutions, trade or otherwise on what you plan to do for 2013? send them in. tweet us or reach us individually. just after the break, we take a look at mu ni bonds. how do investors feel about this asset class next year? we'll hav
to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy they laid out together. host: thank you for the call. guest: so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, quite honestly, that the democrats would like to see continued
for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% since july. today's dive is the vix's steepest fall since august 2011. and the fiscal cliff tug-of-war september gold prices p by about 20 bucks an ounce, settling at $1675 for the year. gold prices rose 7% but, that is their smallest yearly gain in four years. >>> we can't avoid it, the top story. fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally present
the final push in congress to try to avert the fiscal cliff. >> it's interesting. harry reid told us they are making progress in the talks. at this stage they don't have a deal. what you heard senator thune, republicans are saying if we give you more revenue what will you going to do with it? are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way
think we got to this point? how did we get to the edge of the fiscal cliff and the least productive congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's hap
's call it the milk fiscal cliff if congress doesn't take action before new year's day. the price of jury could more than doubled because of a law enacted way back in the 1940s. a reporter is live with the details. dominic? reporter: no one is doing anything about this in washington yet. a gallon of milk could reach $8 if we go over what they are calling the milk cliff. a new farm bill could be approved in budget cuts here is what will happen if the deal doesn't get done. what they call permanent law, says the government has to buy huge stocks of milk at twice the price. farmers will flock to the government as they make easy money, that causes a shortage of milk in the commercial market, and the agriculture industry says the hold up is disastrous. >> this is a bad outcome. i don't think we should want, nor should we advocate for, nor should congress consider it a good outcome if permanent law goes into effect. reporter: the dairy industry says congress can wrap this up quickly, but if it doesn't, it looks like more than just the cows. >> things like wheat and corn. it wouldn't kick in unt
to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress are disgusted and embarrassed. >> when the future of the country, you know, rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> something has done terribly wrong when the biggest threat to our american economy is our american congress. >> the senate will reconvene at 11:00 this morning, but after a day of public gamesmanship and little obvious progress behind the scenes on sunday. >> there's still significant distance between the two sides, but negotiations continue. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> mitch mcconnell called on vice president joe biden to be that dance partner. biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to g
's watching to see if congress reaches a deal to avoid the fiscal cliff. and within the last hour, the president said a deal is, quote, within sight and that he himself is willing to make hard choices to avoid $600 billion in automatic spending cuts and tax hikes. >> i'm willing to reduce our government's medicare bills by finding new ways to reduce the costs of healtcare in this country. that's something we all should agree on. we want to make sure that medicare is there for future generations. but the current trajectory of health care costs is going up so high, we have got to find ways to make sure that it is sustainable. but, that kind of reform has to go hand and hand with doing some more work to reform our tax coat so that wealthy individuals, the biggest corporations, can't take advantage of loopholes and deductions that aren't available to most of the folks standing up here. aren't available to most americans. so there is still more work to be done in the tax code to make it fair, even as we're also looking at how we can strengthen something like medicare. now, if republica
wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her recovery from a recent concussion. >> thank you very much. how are you? >> reporter: clinton's health scare began after she contracted a stomach illness following a whirl wind trip through eur
we see in congress on many issues including the fiscal cliff where they wait until the last minute and say there is not enough time to do real reforms that are necessary here. harris: they did take time away from the fiscal cliff to debate this 4 1/2 hours yesterday. >> that's true. harris: so there is that. dan, thanks very much. >> thanks for having me. jon: so as we count down to those year-end tax hikes and spending cuts that will affect the lives of virtually every single american, why one key republican lawmaker says his party is not even trying to solve the fiscal cliff crisis and why he thinks that may be a good thing. interesting take coming up. >>> plus, russian president vladmir putin, have you heard what he did? taking aim at americans who hope to adopt russian children. what's behind this controversial move? a live report next. jon: right now syria's opposition leader is rejecting an invitation for peace talks as the violence escalates. the country's ally, russia, is inviting the leader of syria's opposition to visit moskow for the first time but that offer turned down
to avoid the fiscal cliff rapidly approaches. president obama says he's optimistic that congress will reach a deal in time. chris mozingo has the story. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van
and for congress to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise, which as i said, will procollude taxes from going up on middle income americans, provide for the unemployment insurance. i they we also provide for the reimbursement of doctors giving services to medicare patients. butt fact of the matter is it's been very difficult to reach compromise. i think the president of the united states and is now through vice president biden trying to reach a compromise. a compromise by its very definition means that neither side gets exactly what it wants. the difficulty from the house of representatives last week the republicans indicate d that the wouldn't even be for a
: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only
! >> oh, no! ♪ >> bret: two words you've likely heard too many times. "fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settle
you offered over one trillion and agreement with congress and avert the fiscal cliff. you are silent on the specifics. wrestling with the national's crisis help us to have a concrete plan and legislative language with you. >> it was interesting, very wide raging . there were not opportunities and he didn't get specifics when he talked about all of the things he's offered. at one point i offered so many changes and entitlements? i askscatched my head and wondered what changes and entitlements. he said the democrats arangry at me. i said what are the specifics. that was a interesting level. >> dave: he put in the corner and said only thing they care about is creating tax cuts for the wettley. demonize the opponent while you sate sit down. that works out it infuriate your opponent. the president's main goal is to raise taxings. put out legislation and put out a bill and vote on it >> the senate reconvenes at 11:00 today. we could hear from mitch mcconnel and harry reid. because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge w
, a huge fiscal crisis, here's a look at what congress actually did while they weren't working on the fiscal cliff. the senate confirmed two of the president's appointees and the house considered about a dozen bills including how to commemorate the 100th anniversary of the world war i and various aid and trade bills. here to give us an idea of what the congress is thinking is ed o'keefe. give us a run down. what has congress been working on and still need to do before this congress actually ends? >> it's kind of fascinating how these very modest measures that wouldn't get a vote gotten one because there's so much time on the clock still as they wait for the marquee legislative event of the year. there were changes to drywall standards. there was discussion there of the world war i commemoration which is coming up. two nominees confirmed over in the senate. two of obama's nominees. going back a few weeks, even just before christmas, there were some changes in policies at the tsa and screening baggage and judges confirmed and actually are some things that have gotten done but cer
the fiscal cliff negotiations. he spoke exclusively on "meet the press" and he had a message for congress. >> at minimum, make sure people's taxes don't go up and 2 million people don't lose their unemployment. i was modestly hopeful yesterday. now, the pressure is on congress to produce. >> the president responded to what would happen if no agreement is reached and the nation does fall over that cliff. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. if people start seeing that on january 1st, this problem still hasn't been solved, that we haven't seen the deficit reduction that we could have had, the republicans willing to take a deal that i give them. if they say that people's taxes have gone up, which means consumer spending is depressed, then it's going to have an adverse reaction in the markets. >> there was much more to what the president had to say. listen to what he had to say on deficits and s
the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that extension prevented a possible strike which could have crippled operations at ports that handle nearly half of all cargo in the united states including in our area at the port of baltimore. >>> we have breaking news tonight out of prince george's county where we are following a deadly fire in a townhome in green belt. you're looking live at the scene on laurel hill road.
limit. >>> congressman chris van hallen said congress needed to reach a deal on the fiscal cliff by christmas. less than 48 hours until that cliff what does he think now? you are watching msnbc, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> the self-imposed 3:00 p.m. deadline the senate came up with for a deal has come and gone which means without a last minute deal starting january 1st tax hikes and massive spending cuts will be in effect. extended unemployment benefits have ended. we will be live on capitol hill with the latest developments coming up in just a moment. before we take you over to capitol hill here are stories that we are monitoring for you today. a new york woman who allegedly admitted to pushing a subway commuter to his death has been charged with second degree murderer as a hate
on a fiscal cliff? >> i've got three 7th graders back home, we've got triplets and congress is pretty much like having three teenagers in the house, leave everything to the last minute. keep in mind we've known about this for at least 18 months and probably two years and the argument could be made we know it's been coming for ten years and i've seen the president and him saying that rational arguments and i wish he'd listen to his own speeches, he's in a powerful leadership position. the president for goodness's sake, and his party is leading the senate. and if you wanted to highered could be part of a negotiation, if he's not that means the president has refused to engage and i think those actions speak much louder than words. >> harris: talking about your family and i've visited your website, your children are beautiful and a dad, if you're part of the mix there, tell your teenagers to answer up, would you? . thanks for joining us, sir. >> thank you, happy new year. >> harris: we've been watching the latest from capitol hill and we'll bring you the latest. you heard me delivering bad new
of joe manchin as congress prepares to meet again today with the fiscal cliff looming. good morning. the deadline is here and the countdown is down two hours instead of days. the first time since 1970, congress is meeting between the christmas and new year's holiday. preparations are underway as lawmakers -- if lawmakers fail to act. we are 17 hours until the deadline. midnight is the deadline east coast time. here are the numbers. host: also, send us an e-mail and jonas on facebook, -- join us on facebook or you can send us a tweet. let's take a scan of the headlines and we begin with "the atlanta journal-constitution." a lot of talking but still no votes. the deadline has come and gone. one last day for a fiscal deal is the headline from "the boston globe." we are also keeping an eye on wall street. the markets are queasy. from the headlines "the wall street journal." host: a lot of activity on the house and senate chamber. we will be falling all of that on the c-span networks. we have the deputy white house editor from politico. tell us where we stand. guest: we stand in limbo,
're going over the cliff. it's hard to tell. the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be reso
cliff. is it really the tea party congress members or not? >> i think it's hard to predict exactly who might get blamed if something doesn't happen. that seems too far in the future for me but if you look at all of the piece that is are in play, the one thing we haven't talked about is the debt limit. it is going to be hit soon. and then the treasury can use extraordinary measures to extend it but caused the fight that made us sit here today to talk about the quote/unquote fiscal cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the easier it's going to be in a few weeks from now. if they get a small deal that leaves no path forward on the bigger is
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